Here Is The Real Reason Why The Interest Rate On Education Loans Is Always So High

Here Is The Real Reason Why The Interest Rate On Education Loans Is Always So High

There are many reasons why the interest rate on education loans is so high as compared to a car or property loan. But, don’t worry, there are some privileges through which you can save a part of your hard earned money. But, before that, here are some calculations to keep in mind to get a better idea of the bigger picture. Know If You Are Eligible For Taking The Loan You should be a resident of India. You should have secured an admission at a reputed institution for a particular…

Read More

National Student Loan Cohort Default Rate Declines Steadily

National Student Loan Cohort Default Rate Declines Steadily

The U.S. Department of Education today announced that the three-year federal student loan cohort default rate dropped from 11.8 percent to 11.3 percent for students who entered repayment between fiscal years 2012 and 2013. The trend has moved downward since FY 2010, when the cohort default rate stood at 14.7 percent. It’s the third straight year that the overall rate has fallen. From FY 2012 to FY 2013, cohort default rates fell for public and proprietary institutions while rising slightly among borrowers who attended private and foreign schools. “The Obama…

Read More